Southern Latex Ltd
Incorporated in 1989, Southern Latex Ltd manufactures and sells rubberized coir products[1]
- Market Cap ₹ 21.8 Cr.
- Current Price ₹ 29.7
- High / Low ₹ 35.0 / 14.8
- Stock P/E 109
- Book Value ₹ 8.89
- Dividend Yield 0.00 %
- ROCE 3.89 %
- ROE 3.27 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 3.34 times its book value
- Company has a low return on equity of 3.50% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Textiles Industry: Textiles - Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1.84 | 1.16 | 0.41 | 0.14 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
1.54 | 1.10 | 0.46 | 0.34 | 0.24 | 0.22 | 0.20 | 0.23 | 0.20 | 0.22 | 0.23 | 0.28 | 0.28 | |
Operating Profit | 0.30 | 0.06 | -0.05 | -0.20 | -0.23 | -0.22 | -0.20 | -0.23 | -0.20 | -0.22 | -0.23 | -0.28 | -0.28 |
OPM % | 16.30% | 5.17% | -12.20% | -142.86% | -2,300.00% | ||||||||
0.00 | 0.07 | 0.46 | 0.42 | 0.45 | 0.45 | 0.46 | 0.49 | 0.46 | 0.48 | 0.54 | 0.54 | 0.54 | |
Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Depreciation | 0.13 | 0.09 | 0.27 | 0.06 | 0.05 | 0.04 | 0.03 | 0.03 | 0.02 | 0.02 | 0.01 | 0.01 | 0.00 |
Profit before tax | 0.17 | 0.04 | 0.14 | 0.16 | 0.17 | 0.19 | 0.23 | 0.23 | 0.24 | 0.24 | 0.30 | 0.25 | 0.26 |
Tax % | 0.00% | 25.00% | 21.43% | 18.75% | 17.65% | 21.05% | 21.74% | 17.39% | 20.83% | 20.83% | 20.00% | 16.00% | |
0.17 | 0.03 | 0.11 | 0.13 | 0.14 | 0.15 | 0.19 | 0.19 | 0.19 | 0.20 | 0.24 | 0.21 | 0.20 | |
EPS in Rs | 0.23 | 0.04 | 0.15 | 0.18 | 0.19 | 0.20 | 0.26 | 0.26 | 0.26 | 0.27 | 0.33 | 0.29 | 0.26 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | % |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 2% |
3 Years: | 3% |
TTM: | -17% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 18% |
3 Years: | 48% |
1 Year: | 51% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 3% |
3 Years: | 4% |
Last Year: | 3% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 7.36 | 7.36 | 7.36 | 7.36 | 7.36 | 7.36 | 7.36 | 7.36 | 7.36 | 7.36 | 7.36 | 7.36 |
Reserves | -2.62 | -2.59 | -2.48 | -2.35 | -2.21 | -2.05 | -1.87 | -1.68 | -1.49 | -1.29 | -1.05 | -0.82 |
0.00 | 0.10 | 0.10 | 0.10 | 0.08 | 0.07 | 0.13 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
0.23 | 0.10 | 0.05 | 0.02 | 0.02 | 0.03 | 0.07 | 0.07 | 0.11 | 0.16 | 0.16 | 0.11 | |
Total Liabilities | 4.97 | 4.97 | 5.03 | 5.13 | 5.25 | 5.41 | 5.69 | 5.76 | 5.99 | 6.24 | 6.48 | 6.66 |
1.46 | 1.22 | 0.87 | 0.81 | 0.76 | 0.71 | 0.68 | 0.65 | 0.63 | 0.61 | 0.59 | 0.58 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
3.51 | 3.75 | 4.16 | 4.32 | 4.49 | 4.70 | 5.01 | 5.11 | 5.36 | 5.63 | 5.89 | 6.08 | |
Total Assets | 4.97 | 4.97 | 5.03 | 5.13 | 5.25 | 5.41 | 5.69 | 5.76 | 5.99 | 6.24 | 6.48 | 6.66 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0.01 | 0.10 | 0.24 | -0.12 | -0.26 | -0.30 | -0.31 | -0.27 | -0.29 | -0.28 | -0.30 | -0.34 | |
0.00 | -0.04 | -0.11 | -0.06 | 0.30 | 0.30 | 0.30 | 0.32 | 0.30 | 0.30 | 0.30 | 0.30 | |
0.01 | 0.00 | 0.00 | 0.00 | -0.02 | -0.01 | 0.06 | -0.12 | 0.00 | 0.00 | 0.00 | 0.00 | |
Net Cash Flow | 0.00 | 0.06 | 0.13 | -0.18 | 0.02 | -0.01 | 0.04 | -0.07 | 0.01 | 0.02 | 0.00 | -0.05 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 53.56 | 110.13 | 160.24 | 312.86 | 730.00 | |||||||
Inventory Days | 116.14 | 118.84 | 109.50 | 0.00 | ||||||||
Days Payable | 53.09 | 38.20 | 60.83 | |||||||||
Cash Conversion Cycle | 116.61 | 190.77 | 208.91 | 312.86 | 730.00 | |||||||
Working Capital Days | 658.59 | 1,120.17 | 3,418.54 | 10,923.93 | 160,965.00 | |||||||
ROCE % | 3.63% | 2.71% | 2.23% | 3.17% | 3.29% | 3.77% | 4.18% | 3.89% | 4.15% | 4.01% | 4.84% | 3.89% |
Documents
Announcements
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Financial Year 2008
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Business Overview:[1][2][3]
Company was incorporated to carry on the business of manufacturing, processing, selling of rubberized coir products and also trading of coir and its related products. However, with change in policy and demand of market, the business went down and the company was not able to grow. At present, management is exploring all options to bring new business to Company. It has identified new product lines and are in the process of being implemented. Also, company is planning to venture into new business opportunities and diversify its operations